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Debut franchise ABS prepped

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Transaction announced despite association objections

Jack in the Box is marketing an inaugural US$1.450bn whole business securitisation backed by 2,240 franchised quick service restaurants distributed across the US. Dubbed Jack in the Box Funding 2019-1, the transaction has been announced despite a number of criticisms from the firm’s franchisee association.

S&P notes that Jack in the Box will use around US$1.054bn

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